you know that all of this is just regular divergence.. and that double triangle thing you put up is a regular triple divergence.. just draw a line across the tops of price and the indicator peaks.. dont need the extra two lines for the triangles..

Thanks for comment. But, not quite the same. The Apex of a triangle must be on a lower high or a higher low. An extended divergence will be on top of a W or bottom of an M and there is no requirement for the location of the apexes.

I you notice in the chart attach in post#6 there is an extended divergence near the end of the chart but it is not a double triangle divergence. There is no point for the apen to form.

you know that all of this is just regular divergence.. and that double triangle thing you put up is a regular triple divergence.. just draw a line across the tops of price and the indicator peaks.. dont need the extra two lines for the triangles..

Thanks, but not true @madLyfe. Please read every word on the chart attached to post #6. A regular divergence has no requirement for where the Apex of the triangle forms, it can be on a simple notch or V.

As for this indicator, I am not at liberty to share, but I have shared many indicators when I could. However, as I said before you can use almost any of the momentum oscillators to get similar results.

I am sharing an idea that works and is free. The point of the post is to be curious enough about the merit of the concept and use it if you find it to your liking, instead of my posting intent.

p.s. I think the next question that will be asked is "why @Fat Tails posts his free trading ideas using his Alphabar charts not available free to others on BMT", regardless of his unselfish contributions.

As for this indicator, I am not at liberty to share, but I have shared many indicators when I could. However, as I said before you can use almost any of the momentum oscillators to get similar results.

I am sharing an idea that works and is free. The point of the post is to be curious enough about the merit of the concept and use it if you find it to your liking, instead of my posting intent.

p.s. I think the next question that will be asked is "why @Fat Tails posts his free trading ideas using his Alphabar charts not available to others on BMT", regardless of his unselfish contributions.

Cheers!

i dont want it, but it does kinda seem silly not to even share a name.. but im also just stirring the fire..

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p.s. I think the next question that will be asked is "why @Fat Tails posts his free trading ideas using his Alphabar charts not available to others on BMT", regardless of his unselfish contributions.

Regarding Fat Tails's Alphabar , you can ask him for a trial version or better buy it for a very low price considering the time he put into it. So you can not really say it is not available to others on BMT. Back to the webinar